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Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.
Mortgage application volume edged up 1.7% on an adjusted basis during the week ended November 15, despite mortgage rates moving higher, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 2% from the previous week and were up 43% compared with the same week one year ago. Applications for purchases also increased 2% compared with the previous week but were down 1% compared with a year ago.
In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.
The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April. Side claims the current balance owed is $4.2 million, and the note continues to accrue interest.
The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.
The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.
HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining , the parties announced on Wednesday. In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S.
For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The total value of U.S. homes facing low risk of extreme heat is up 7% year over year to $17.7 trillion. The total value of homes facing high risk of extreme heat is up 6.3% to $29.7 trillion.
Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. “The launch of Sales Mastery Powered by Momentum Builder marks a transformative moment in the housing industry, signaling a seismic shift in how sales professionals will approach success,” said Todd Dunca
Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). “New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score.
In this episode, we sit down with Brijaye Brackett from Accurate Group to dive into her launch into the appraisal industry. From her first introduction to the world of appraising to becoming one of the early success stories of the Appraisal Diversity Initiative (ADI) scholarship program, Brijaye shares her unique perspective and experiences. We explore the skills and insights she gained, the challenges and triumphs she’s faced, and what excites her most about her work.
While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into a forward mortgage loan, according to a study conducted by LendingTree. To get a better grasp of the dynamics involved with older homeowners maintaining their existing mortgages, LendingTree took a closer look at data from the U.S.
Single-family built-for-rent construction posted year-over-year gains for the third quarter of 2024, as builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 24,000 single-family built-for-rent (SFBFR) starts during.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
The current mortgage market starkly contrasts with the booming years of 2020 and 2021. Both borrowers and loan officers face a changed—and changing—landscape. However, success remains within reach for those committed to adapting. The winners in every market know how to take advantage of opportunities, and below I’ve outlined some actionable advice on how to approach this market with that winning mindset.
The new membership option will give agents who aren't members of local, state or national Realtor associations access to state-compliant forms as alternative to NAR's "three-way agreement.
The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint was dismissed as it did not comply with a local court rule which requires that all documents, except declarations, to be
The nation's real gross domestic product grew at an annual rate of 2.8 percent in the third quarter of the year. But with falling sales and tapering price growth, agents could be forgiven for feeling left out.
Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. Jesse Allen, most recently of OneTrust Home Loans and formerly of American Advisors Group (AAG), has been appointed to the role of president for the division.
The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. The report offers hope that next year will be better than the last, but only to an extent.
The company said the attack was unsuccessful. In response to the incident, some Command features were temporarily restricted, and KW rolled out multi-factor authentication.
NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. A New York Times investigation detailed the lavish perks enjoyed by trade group executives, particularly former CEO Bob Goldberg, who had three memberships to exclusive country clubs, paid
Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership ,” while claiming it will also
It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Much has changed in the appraisal world from when I first started writing but one thing remains the same and that is the need to put out accurate information about how and
The public-facing business empowerment arm of Second Century Ventures, REACH has been identifying innovation since its initial class in 2013, members of which included video e-mailer BombBomb and moving coordinator Updater, among others.
The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty's 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury.
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